Kodiak, KOG: considering the anomalously high trading volume on Friday and today it looks as if another Bakken player will soon be bought... you might want to consider taking at least a trading position.

this is yet another interesting leveraged convertible & high yield fund. These days,imho one of the best places to park your money as you get current income (around8% per year), folio returns enhanced by leverage (20-30%) and you get exposure to the upside of the common shares of the companies in the funds' folio

And unlike AGC and others, it is still at a substantial discount (around 10%) to NAV.Note - with most CEVs (close end funds), you can find out daily or at least weekly NAV ofthe respective fund by using the "pseudo-symbol": <X>+Symbol+<X>so, XLCMX fires up the daily NAV for the LCM convertible fund !

Indeed, the quarterly looks better than expected by most. This is a nice play - part cyclical (autoparts), part not (performance materials) and with shedding their modular chiller division they are now focused on their two fields of expertise. Valuation is very low here (EV/R of around 0.30 while gross margins are improving towards the 20% range) and their future looks bright, given the non-recessionary environment. I saw broker target around $16 on the Yahoo estimate / analysis page and would tend to concur

Still a value play but one that appears to be finally getting discovered by a wider audience

Aero, I think the time is right for Japan now. For several reasons... first of all,as Don Coxe put it recently, the last Central Bank to yield has yielded to the pressures with the BOJ doing its part of QE and accomodation to get the exchangerate into a range considered fair value by trade partners - in fact Japan has deviatedfrom this long enough - it's been years - now.

Secondly, a rather resilient Asian market will lift Japanese businesses with it. In fact, many Japanese listed firms - big and small - have already production, design and marketingpresence in other Asian countries and should be able to mitiagate the undue effects shouldthe Yen appreciate further.

Next, Japanese companies can refinance with debt ultra-cheaply and many are sittingon cash. Once the yen should no longer strengthen from here, all companies producingdirectly or indirectly for the export sector should be big winners. Not just the producers offinished goods but even more so those catering to their demands along the supply chain- i.e. component makers.

Another issue is that the Fukusihma desaster's economic fallout has finally been absorbedin 2011/Q4 and should no longer produce underutilization among corporate value chainactivities (idle capacity etc.). One caveat might be those sectors exposed biggest to electricity, such as Alumina producers, but with Nuclear Power stations getting switchedback into production mode over time, this issue might dissipate as well over time - itselfcreating even more demand for LNG infrastructure and solution providers.

Inter-company cross shareholdings have been penalized by mark-to-market likeaccounting treatement. As a result many subsidiaries are either spun in at a nice takeover premium or sold off - temporarily depressing the share price but ultimately enabling moreappreciation potential down the line.

On top of this, the political vacuum in Japan creates some interesting opportunities down the line.The upper house elections last year generated a policy gridlock. This effectively derailedplans from the ruling (lower house majority) center-left DPJ party to increase welfare spendingand increase business, income and consumption taxes. While the gridlock now in effect justpreserves the status quo, in Japan unlike other places a big realignment of power blocs mightbe on the horizon (google for Hashimoto Osaka). It might very well be that this new, rather businessfriendly movement might attain the top spot after the next lower house contest. If so, radical devolution(a la US - states vs. federal level) might be the result of this and a curtailing of the currently impliedsubsidies of rural Japanese areas from urban agglomerations (the LDP power base of farmersat the core of this issue).

HOUSTON, March 13, 2012 (GLOBE NEWSWIRE) -- Coastal Energy Company (the "Company" or "Coastal Energy ") (TSX: CEN.TO - News) (AIM: CEO.L - News), an independent exploration and production company with assets in Thailand, announces the successful results of the Bua Ban South A-01 well.

The Bua Ban South A-01 well was drilled to a total depth of 8,500 feet TVD. The well encountered 88 feet of net pay in the Lower Oligocene section. The new discovery demonstrated good reservoir characteristics with 12 percent porosity and recorded pressure data indicate that this is a new and separate accumulation from the Bua Ban Main field.

The successful results of Bua Ban South A-01 are being incorporated into the ongoing technical review, operational planning and guidance on the potential size of the discovery will be forthcoming once complete.

The Lower Miocene sands which were present in the Bua Ban Main A-11 well were not present in this particular fault block.

Randy Bartley, President and CEO of Coastal Energy, commented:

"The Bua Ban South A-01 well has discovered a new oil accumulation. This successful well has re-enthused us for the Lower Oligocene at the Bua Ban South area. We will also be testing two adjacent upthrown Miocene fault blocks with the next two wells."

Randy Bartley, President and Chief Executive Officer of the Company and a member of the Society of Petroleum Engineering and Jerry Moon, Vice President, Technical & Business Development, a member of the American Association of Petroleum Geologists, a Certified Petroleum Geologist and a Licensed Professional Geoscientist in the state of Texas, have reviewed the contents of this announcement.

Additional information, including the Company's complete competent person's report may be found on the Company's website at www.CoastalEnergy.comor may be found in documents filed on SEDAR at www.sedar.com.

This statement contains 'forward-looking statements' as defined by the applicable securities legislation. Statements relating to current and future drilling results, existence and recoverability of potential hydrocarbon reserves, production amounts or revenues, forward capital expenditures, operation costs, oil and gas price forecasts and similar matters are based on current data and information and should be viewed as forward-looking statements. Such statements are not guarantees of future results and are subject to risks and uncertainties beyond Coastal Energy's control. Actual results may differ substantially from the forward-looking statements.

These securities have not been registered under United States Securities Act of 1933 (the "US Securities Act") or the securities laws of any state and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) unless an exemption from registration is available.